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India's m-cap to GDP ratio crosses 100% for first time in over a decade

BSE-listed companies' market capitalisation reached Rs 197.7 trillion on Thursday, against India's nominal GDP of Rs 190 trillion during 12 months ended December 2020

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For many analysts a ratio of 100 per cent and more is a sign of caution for Indian equity investors

Krishna Kant Mumbai

3 min read Last Updated : Jan 18 2021 | 3:27 PM IST

The combined market capitalisation of all listed companies in India has crossed the country’s GDP for the first time in more than 10 years.

This happened last in September 2010, when the market capitalisation to GDP ratio was 100.7 per cent. The current ratio is, however, much lower than the all-time high of 149.4 per cent in December 2007.

In the past 15 years, the ratio has seen a low of around 52 per cent in March 2005, with a median value of 78.6 per cent.

On Thursday, the ratio on the BSE reached Rs 192 trillion, against India’s nominal

Topics : BSE Market Capitalisation BSE listed companies market capitalisation Gross domestic product GDP M-Cap M-cap of Indian firms

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